T.C. Memo. 2000-166 UNITED STATES TAX COURT JOHN C. ARCHER AND NANCY M. ARCHER, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 11587-98. Filed May 22, 2000. Robert E. Reetz, Jr., Kenneth D. Owens, and Carleton A. Davis, for petitioners. Rosemary Schell, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION COLVIN, Judge: Respondent determined a deficiency in petitioners’ income tax of $23,188 for 1994 and a penalty of $4,637.60 under section 6662(a) for substantial understatement of tax. After concessions, the issues for decision are:Page: 1 2 3 4 5 6 7 8 9 10 11 Next
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